Elbit Systems Ltd. (NASDAQ:ESLT) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,186 shares of the aerospace company’s stock after selling 101 shares during the period. The Manufacturers Life Insurance Company’s holdings in Elbit Systems were worth $2,224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ESLT. Blue Trust Inc. increased its position in Elbit Systems by 368.6% during the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock worth $29,000 after buying an additional 129 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of Elbit Systems during the third quarter valued at $34,000. Point72 DIFC Ltd acquired a new stake in shares of Elbit Systems during the second quarter valued at $35,000. Avior Wealth Management LLC increased its position in Elbit Systems by 49.1% during the 3rd quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock worth $96,000 after purchasing an additional 158 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Elbit Systems in the 2nd quarter valued at about $143,000. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Up 0.4 %

ESLT stock opened at $251.61 on Monday. The company has a 50 day moving average price of $227.07 and a two-hundred day moving average price of $203.08. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The stock has a market capitalization of $11.18 billion, a P/E ratio of 43.01 and a beta of 0.52. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $255.02.

Elbit Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase from Elbit Systems’s previous quarterly dividend of $0.42. Elbit Systems’s payout ratio is currently 28.38%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.